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    Lexington, KY Office Spaces for Sale

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    Permit-Ready Corner Retail Shell
    Updated: Jun 16
    Permit-Ready Corner Retail Shell

    503 East Third Street, Lexington, KY 40508

    $1,100,000
    8,260 sqft
    Fully gutted commercial shell (1938) with a submitted building permit for 8,260 SF of three‑front retail
    B‑1 Neighborhood Business zoning; by‑right uses include retail, restaurant, medical, office, and personal service
    Corner location at E Third St & Midland Ave on a signalized intersection, with three proposed suites of 1,730 SF, 3,628 SF, and 2,895 SF
    Suites can be leased individually, combined for a single user, or reconfigured for different layouts
    Offered as‑is, permit‑ready for buyer‑controlled buildout and tenant lease planning
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    This listing looks promising.

    Here's a quick look at some key insights for

    503 East Third Street, Lexington, KY 40508

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    • Est. Cap Rate

      8.4%
      Above avg (5.9%)

    • Est. NOI

      $92K
      Annual

    • Mortgage

      $364K
      Feb 2022

    • Last Sold

      Feb 2022
      $455K

    • Property Type

      Apartments (Generic)
      Built 1900
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    Renovated Medical Office Building
    Updated: Jun 25
    Renovated Medical Office Building

    160 Prosperous Place, Lexington, KY 40509

    $1,650,000
    6,840 sqft 0.57 AC lot
    Two‑story medical office building with approx. 6,840 SF plus additional basement area
    Completely renovated in 2021 and converted to current medical office use
    First floor includes reception/waiting, nurses’ station/lab, 7 exam rooms, and 2 procedure/x‑ray rooms
    Second floor has multiple private offices plus a conference room and break room, with additional shell space for expansion or buildout
    Full basement is partially finished for office space with storage and overhead door access for records, equipment, or ancillary services
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    Medical and Professional Office Property
    Medical and Professional Office Property

    1618 Harrodsburg Road, Lexington, KY 40504

    $599,000
    2,800 sqft 0.28 AC lot

    Office and medical-ready interiors include a reception area, private offices, and a finished basement with lab/work space.

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    Renovated Office Building with Reserved Parking
    Renovated Office Building with Reserved Parking

    250 E Short Street, Lexington, KY 40507

    $1,895,000
    8,102 sqft 0.12 AC lot

    Renovated in 2018 with dedicated on-site reserved parking for tenant and client access, currently fully occupied by three tenants.

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    Office Building for Sale
    Office Building for Sale

    300 East Main Street, Lexington, KY 40507

    $850,000
    9,717 sqft

    For-sale commercial office property at 300 East Main Street in Lexington, Kentucky.

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    Historic Creative Office Building
    Historic Creative Office Building

    146 E Third Street, Lexington, KY 40508

    $1,750,000
    6,848 sqft 0.21 AC lot

    Move-in ready two-story office with renovated interiors, elevator, and dedicated parking in Downtown Lexington.

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    Iconic Downtown Lexington Office Building
    Iconic Downtown Lexington Office Building

    277 E High Street, Lexington, KY 40507

    $3,790,000
    12,684 sqft 0.39 AC lot

    Highly visible office space with redevelopment potential in downtown Lexington.

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    Updated Flex Building in Lexington
    Updated Flex Building in Lexington

    1040 Manchester Street, Lexington, KY 40508

    $1,250,000
    11,578 sqft 0.80 AC lot

    Updated flex building with warehouse space in central Lexington.

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    Downtown Building with Upscale Renovations
    Downtown Building with Upscale Renovations

    161 N Limestone, Lexington, KY 40507

    $1,825,000
    7,343 sqft

    Downtown building with recent renovations and lease income potential.

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    Downtown Lexington Mixed-Use Building
    Downtown Lexington Mixed-Use Building

    161 N Limestone, Lexington, KY 40507

    $1,825,000
    7,343 sqft 0.05 AC lot

    Three-story renovated building in prime downtown location.

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    Versatile Medical Office Building
    Versatile Medical Office Building

    1830 Versailles Road, Lexington, KY 40504

    $700,000
    4,890 sqft 0.25 AC lot

    Former medical office with flexible room layout and substantial above-grade plus basement space for owner-users or investors.

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    Basement Office Suite with Conference Room
    Basement Office Suite with Conference Room

    1795 Alysheba Way Ste 2202, Lexington, KY 40509

    $189,000
    1,000 sqft

    Basement office condominium with hardwood floors, 9-foot ceilings, and dedicated reception, kitchen, and conference space.

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    Top-Floor Office Suite Portfolio
    Top-Floor Office Suite Portfolio

    300 E Main Street, Lexington, KY 40507

    $850,000
    9,717 sqft

    Top-floor office offering with multiple suites and a layout supporting either owner-occupancy or tenant division.

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    Second-Floor Office Condo
    Second-Floor Office Condo

    80 Codell Drive, Lexington, KY 40509

    $250,000
    955 sqft

    Second-floor office condo offered for sale in Lexington, KY, currently used by a photography business.

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    Office Suite with Private Offices
    Office Suite with Private Offices

    108 Dennis Drive, Lexington, KY 40503

    $359,900
    1,242 sqft 0.27 AC lot

    Well-appointed office space with private offices, open work areas, and covered patio plus off-street parking.

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    Updated First-Floor Office Condo
    Updated First-Floor Office Condo

    141 Prosperous Place, Lexington, KY 40509

    $215,000
    882 sqft

    First-floor office condo in Richmond Square Office Park with conference space, three offices, kitchenette, and updated finishes.

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    Recently Renovated Office Condo
    Recently Renovated Office Condo

    2700 Old Rosebud Rd, Lexington, KY 40509

    $495,000
    2,634 sqft

    Recently renovated office condo available for sale with convenient access to I-75 and I-64.

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    Class A Office Building
    Class A Office Building

    424 Lewis Hargett Circle, Lexington, KY 40503

    $5,645,000
    42,447 sqft 1.80 AC lot

    Fully occupied, income-producing office property in Lexington’s Fayette Mall/Nicholasville Road corridor.

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    Nicholasville Road Investment Opportunity
    Nicholasville Road Investment Opportunity

    112 Dennis Dr, Lexington, KY 40503

    $975,000
    8,262 sqft

    Two-story office building with long-term tenant near Nicholasville Road.

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    Vaulted Ceiling Office Condo Suite
    Vaulted Ceiling Office Condo Suite

    3131 Custer Drive, Lexington, KY 40517

    $220,000
    1,152 sqft 0.05 AC lot

    Single-story suite with six private offices, two restrooms, and two private entrances in a quiet office condo community.

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    Medical Office Suite with Treatment Rooms
    Medical Office Suite with Treatment Rooms

    3217 Summit Square Place Unit 100, Lexington, KY 40509

    $575,000
    10,000 sqft

    Medical office for sale featuring four treatment rooms, a patient waiting area, and dedicated staff and support spaces.

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    Three-Story Professional Office Building
    Three-Story Professional Office Building

    1020 Monarch Street, Lexington, KY 40513

    $3,100,000
    22,536 sqft 1.45 AC lot

    Three-story office building with elevator service, ample surface parking, and flexible space across multiple floors.

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    Nicholasville Road Commercial Building For Sale
    Nicholasville Road Commercial Building For Sale

    2134 Nicholasville Rd, Lexington, KY 40503

    $3,195,000
    19,145 sqft 2.20 AC lot

    Commercial building on 2.2 acres with ample parking.

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    Second-Floor Office Condo
    Second-Floor Office Condo

    80 Codell Drive, Lexington, KY 40509

    $174,000
    955 sqft

    Office condo on the second floor, currently used by Lexington Fetal Photography, with seller financing available.

    View details

    Lexington, KY Office Spaces Market Trends and Statistics

    Explore 72 office spaces for sale in Lexington, KY, showcased through 62 active listings on our real estate platform. These investment opportunities span a total of 680,424 square feet of properties for sale, with an estimated market value of $90,181,188.

    Sale prices for office spaces in Lexington, KY start at $174,000, averaging $2,652,387, and reaching up to $18,086,600 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 141
    Office buildings 57
    Medical Office Space 23
    Coworking space 7
    Creative space 6

    Demographics Overview

    Population 322K
    Population Growth (5Y) +1.0%
    Median Household Income $71,202
    College Educated 25.6%

    High-Yield Neighborhoods for Investment

    Identify Lexington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    40517 $111.3K
    40505 $340K
    40504 $683.3K
    40503 $889.5K
    40509 $1.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.22%
    Property Tax per SF $11.25 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Fayette County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Lexington fall within the 2,500 to 5,000 square foot range.

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    Most Searched ZIP Codes in Lexington, KY

    • 40509
    • 40503
    • 40507
    • 40511
    • 40508
    • 40517
    • 40504
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    • 40513
    • 40502

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